Ethereum Price Analysis: ETH/USD’s Recovery Won’t Be Easy

Key HighlightsETH price is slowly recovering, but there are many hurdles on the upside near $224-225 against the US Dollar.
There is a short-term ascending channel in place with support at $214 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must stay above the $213 and $210 levels to recover further towards the $224 level.Ethereum price is struggling to gain traction against the US Dollar and bitcoin. ETH/USD is likely to face a strong selling interest near the $224 level.
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